The case involves an application filed by Smt. Tejinder Kaur, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Bhawani Castings Private Limited, the corporate debtor. The applicant claims to have lent money to the respondent company between 2007 and 2010. The respondent denies any outstanding dues, alleging that the applicant and her husband siphoned off company assets. The applicant had previously approached the High Court of Delhi for winding up the company, which was dismissed. A recovery suit filed by the applicant is also pending.
Smt. Tejinder Kaur, claiming to be a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhawani Castings Private Limited. The applicant claims to have lent money to the respondent company between June 29, 2007, and February 24, 2010. The management of the respondent company was taken over by the father-in-law and husband of the applicant in 1998. The applicant was appointed as a director of the company on November 1, 2008, and resigned on March 20, 2011. The applicant approached the High Court of Delhi on November 8, 2012, for winding up the company, which was dismissed on February 19, 2013. The applicant filed a recovery suit on July 31, 2013, which is still pending. The respondent company denies any
…Sign in to view the parties.
Bhawani Castings…
Management of the respondent corporate debtor…
The case involves an application filed by Smt. Tejinder Kaur, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Bhawani Castings Private Limited, the corporate debtor. The applicant claims to have lent money to the respondent company between 2007 and 2010. The respondent denies any outstanding dues, alleging that the applicant and her husband siphoned off company assets. The applicant had previously approached the High Court of Delhi for winding up the company, which was dismissed. A recovery suit filed by the applicant is also pending.
Smt. Tejinder Kaur, claiming to be a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhawani Castings Private Limited. The applicant claims to have lent money to the respondent company between June 29, 2007, and February 24, 2010. The management of the respondent company was taken over by the father-in-law and husband of the applicant in 1998. The applicant was appointed as a director of the company on November 1, 2008, and resigned on March 20, 2011. The applicant approached the High Court of Delhi on November 8, 2012, for winding up the company, which was dismissed on February 19, 2013. The applicant filed a recovery suit on July 31, 2013, which is still pending. The respondent company denies any
…Bhawani Castings…
Management of the respondent corporate debtor…